Man said to create Bitcoin denies the honor

LOS ANGELES--Dorian Prentice Satoshi Nakamoto said Thursday that he is not the creator of Bitcoin, adding further mystery to the story of how the world's most popular digital currency came to be.

The denial came after Newsweek published a 4,500-word cover story claiming Nakamoto is the person who wrote the computer code underpinnings of Bitcoin.

In an exclusive two-hour interview with The Associated Press, Nakamoto, 64, denied he had anything to do with it and said he had never heard of Bitcoin until his son told him he had been contacted by a Newsweek reporter three weeks ago.

Nakamoto acknowledged that many of the details in Newsweek's report are correct, including that he once worked for a defense contractor, and that his given name at birth was Satoshi. But he strongly disputed the magazine's assertion that he is “the face behind Bitcoin.”

“I got nothing to do with it,” he said, repeatedly.

Newsweek stands by its story, which kicked off the relaunch of its print edition after 15 months and reorganization under new ownership.

Since Bitcoin's birth in 2009, the currency's creator has remained a mystery. The person — or people — behind the digital currency's inception have been known only as “Satoshi Nakamoto,” which many observers believed to be a pseudonym.

Bitcoin has become increasingly popular among tech enthusiasts, libertarians and risk-seeking investors because it allows people to make one-to-one transactions, buy goods and services and exchange money across borders without involving banks, credit card issuers or other third parties. Criminals like Bitcoin for the same reasons.

For various technical reasons, it's hard to know just how many people worldwide own Bitcoins, but the currency attracted outsize media attention and the fascination of millions as an increasing number of large retailers such as Overstock.com began to accept it.

Speculative investors have jumped into the Bitcoin fray, too, sending the currency's value fluctuating wildly in recent months. In December, the value of a single Bitcoin hit an all-time high of US$1,200. It was around US$665 on Thursday, according to the website Bitcoincharts.com. Bloggers have speculated that Bitcoin's creator is worth hundreds of millions of dollars in Bitcoin.

After Newsweek posted the story on its website early Thursday, Nakamoto said his home was bombarded by phone calls. By mid-morning, a dozen reporters were waiting outside the modest two-story home on the residential street in Temple City, California, where he lives. He emerged shortly after noon saying he wanted to speak with one reporter only and asked for a “free lunch.”

During a car ride and then later over sushi lunch at the AP bureau in downtown Los Angeles, Nakamoto spoke at length about his life, career and family, addressing many of the assertions in Newsweek's piece.

Dorian S. Nakamoto smiles during an interview with the Associated Press in Los Angeles on Thursday, March 6. Nakamoto, the man that Newsweek claims is the founder of Bitcoin, denies he had anything to do with it and says he had never even heard of the digital currency until his son told him he had been contacted by a reporter three weeks ago.